A Shiba Inu (ShIBUSD) is a Ethereum based altcoin. The Shiba Inu coin was created in August 2020 by an anonymous person calling themselves Ryoshi, an Indian. It was intended as an altcoin of Dogecoin, and this meme coin has been named after the Japanese dog breed, Shiba Inu. It became insanely popular among major crypto exchanges through the power of its following crowds, memes, persistence-and a cute dog.
SHIBA INU COIN is a decentralized, community-building cryptocurrency developed within the SHIBA INU ecosystem and built on top of Ethereum Blockchain Network. It is a meme coin launched as a rival of Dogecoin or “Doge-Killer” as it has already taken over some Dogecoin Markets, attracting a lot of attention among investors of crypto market.
Why Shiba Inu coin is so popular?
Shiba Inu Coin is majorly popular because of two reasons-
- Elon Musk tweeted that he would like to own a Shiba pup, that hyped the crypto market and its price rose by 300 percent.
- Its prices fell drastically after the Vitalik Buterin donated 50 trillion Shib coins to India Covid Crypto Relief Fund.
There are many hurdles in between while touching to $1 but in upcoming 5years Shiba inu will definitely touch $1 so you can invest or start a sip in Shiba inu.